USD/JPY Intraday: as long as 144.33 is resistance look for 142.23
Oct 1, 2024 5:54 PM
as long as 144.33 is resistance look for 142.23.
Our pivot point is at 144.33.
Our preference:
as long as 144.33 is resistance look for 142.23.
Alternative scenario:
the upside breakout of 144.33, would call for 145.01 and 145.41.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above its 20 period moving average (143.71) but under its 50 period moving average (143.80).
Supports and resistances:
145.41 **
145.01 *
144.33 **
144.07
143.79 last
142.63
142.23 **
141.83 *
141.43 **
Our preference:
as long as 144.33 is resistance look for 142.23.
Alternative scenario:
the upside breakout of 144.33, would call for 145.01 and 145.41.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above its 20 period moving average (143.71) but under its 50 period moving average (143.80).
Supports and resistances:
145.41 **
145.01 *
144.33 **
144.07
143.79 last
142.63
142.23 **
141.83 *
141.43 **
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USD/JPY
146.854
-0.054
-0.04%